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The suburb’s capital gain of 6.93% for the past year is higher than average compared to its 17.07% growth within a five-year period.
Also in OAKLANDS PARK, the median home price is sitting at $540,000, and the average rent at $450, this suggests property owners could potentially earn a 4.33% increase in gross rental yield.
Property investors have seen a 4.45% gain in OAKLANDS PARK based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 2.73% growth over a ten-year period. It ranks 3256th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||6.93%||6.33%|
|Median 3 years||17.39%||12.03%|
|Median 5 years||17.07%||19.2%|
|10 years average annual||2.73%||2.33%|
|Weekly media advert. rent||$450||$330|
|Time on Market||43.8 days||56.9 days|
|Gross Rental Yield Percent||4.33%||4.98%|